Two-thirds of repeat homebuyers buy again and again

Two-thirds of repeat homebuyers buy again and again

More than two-thirds of repeat homebuyers believe their next house purchase won’t be their last, according to a new survey by TD Canada Trust.
 
Out of 1,000 participants, more than 23 per cent said they plan to move again within six years ago. One in five repeat buyers has owned more than five homes. The survey participants either purchased a home that was not their first within the past two years, or intend to purchase a home that is not their first within the next two years.
 
Roughly half of Canadians will look for a smaller house, while the rest want to upsize. Most intend to find a fully detached home for their next purchase.
 
As a result, 51 per cent will need to take out a mortgage to finance their next purchase, said TD.
1 Comments
  • Gurcharan Singh 2010-09-30 12:04:23 PM
    Hi,
    An editor of "Ethno culure network" a monthly newspaper approached me to have an article in his newspaper on monthly basis. I found valuable material in this magazine (CMP) and I would like to share the information from this magazines with the readers' of "Ethno culure network". This will be the best route to disseminate the information in your magazine to the people from different background, nationality and ehtnic background.This monthly is from Winnipeg. I look forward to hear from you for your suggestion and advise.

    Best Regards,
    Gurcharan Singh
    Mortgage Broker
    DLC Bay Hill Financial LTD
    Winnipeg, MB


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